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Capital Suites 409 Constitution Ave NE 4 Unit Apartment Building $2,375,000 ($593,750/Unit) 5.94% Cap Rate Washington, DC 20002
Investment Highlights
- U.S. Capitol location in one of finest urban settings in the Country. Only Steps to U.S. Capitol, Metro, Eastern Market and all Capitol Hill offers!
- Perfect long term investment vehicle for investor looking for long term growth, appreciation, income growth, stable tenancy
- Stunning apartments with open floor plan, gourmet kitchens, sunlit, fireplace, hrdwd flrs, custom features with access to outer decks and large yard
Executive Summary
Positioned in one of Washington, D.C.’s most sought-after neighborhoods, this exceptional 4-unit property offers a rare blend of location, quality, and strong income potential. Just steps from the U.S. Capitol, Metro access, Eastern Market, and the vibrant dining and shopping scene of Capitol Hill, this asset is perfectly situated for consistent tenant demand. The building features three spacious two-bedroom units and one well-appointed one-bedroom apartment, collectively generating over $14,200 in monthly rental income with low operating costs—a compelling addition to any investment portfolio. Each unit showcases high-end finishes and thoughtful design, including open-concept floorplans, gourmet kitchens with marble breakfast bars, custom cabinetry, generous bedroom sizes, in-unit washer and dryer, central HVAC, and ample storage. Private outdoor sundecks further enhance tenant appeal, while the option to offer units furnished presents an opportunity to increase rental income even further. Can be delivered VACANT. Set on an intriguing 2,040 sq ft lot, this property also offers added flexibility—whether for outdoor enjoyment, creative enhancements, or future value-add potential. A turnkey investment in an unbeatable location—ideal for investors seeking strong cash flow and long-term appreciation.
Property Facts Under Contract
| Price | $2,375,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $593,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.94% | Building Size | 2,970 SF |
| Gross Rent Multiplier | 4 | Average Occupancy | 50% |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1883/2012 |
| Property Subtype | Apartment | ||
| Zoning | RF-1/CAP - RF-1/CAP Reflect the importance of and provide sufficient controls for the area adjacent to the U.S. Capito reflect the importance this special area | ||
| Price | $2,375,000 |
| Price Per Unit | $593,750 |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| Gross Rent Multiplier | 4 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 2,970 SF |
| Average Occupancy | 50% |
| No. Stories | 4 |
| Year Built/Renovated | 1883/2012 |
| Zoning | RF-1/CAP - RF-1/CAP Reflect the importance of and provide sufficient controls for the area adjacent to the U.S. Capito reflect the importance this special area |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Bay Window
- Ceiling Fans
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Wi-Fi
- Yard
- Basement
- Breakfast Nook
- Deck
- Island Kitchen
- Patio
- Window Coverings
- Large Bedrooms
Site Amenities
- Picnic Area
- Playground
- Tenant Controlled HVAC
- Gas Range
- Zen Garden
- Public Transportation
- Individual Locking Bedrooms
- Smoke Detector
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Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
90/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 0815-0806 | Improvements Assessment | $969,900 |
| Land Assessment | $806,290 | Total Assessment | $1,776,190 |
Property Taxes
Parcel Number
0815-0806
Land Assessment
$806,290
Improvements Assessment
$969,900
Total Assessment
$1,776,190
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Capital Suites | 409 Constitution Ave NE